Analysts Set Diageo plc (LON:DGE) PT at GBX 3,040

Diageo plc (LON:DGE) has been assigned an average rating of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 3,058 ($38.41).

A number of analysts recently commented on DGE shares. Barclays increased their price target on Diageo from GBX 3,550 ($44.59) to GBX 3,640 ($45.72) and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Diageo in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Diageo in a report on Tuesday, April 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,900 ($36.43) target price on shares of Diageo in a report on Thursday, April 18th.

Diageo Trading Up 0.0 %

LON:DGE opened at GBX 2,729 ($34.28) on Tuesday. Diageo has a 52 week low of GBX 2,676 ($33.61) and a 52 week high of GBX 3,670.50 ($46.11). The firm has a 50-day moving average price of GBX 2,864.14 and a two-hundred day moving average price of GBX 2,881.57. The company has a debt-to-equity ratio of 190.59, a quick ratio of 0.62 and a current ratio of 1.58. The firm has a market cap of £60.58 billion, a price-to-earnings ratio of 1,831.54, a price-to-earnings-growth ratio of 1.61 and a beta of 0.32.

Insider Activity

In related news, insider Javier Ferrán purchased 290 shares of the business’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of GBX 2,853 ($35.84) per share, with a total value of £8,273.70 ($10,392.79). In other news, insider Karen Blackett acquired 702 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were bought at an average cost of GBX 2,826 ($35.50) per share, with a total value of £19,838.52 ($24,919.63). Also, insider Javier Ferrán bought 290 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of GBX 2,853 ($35.84) per share, with a total value of £8,273.70 ($10,392.79). In the last 90 days, insiders acquired 1,002 shares of company stock worth $2,839,892. 0.13% of the stock is currently owned by insiders.

Diageo Company Profile

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.